Cyberoo (CYB) H2 2024 earnings summary

Executive summary

• FY2024 value of production rose 13.6% to €25.01m; revenue from sales and services increased 14.1% to €22.84m.

• Cyber Security revenue increased 16.1% to €17.97m; EBITDA rose 4.73% to €9.72m, with a 38.86% margin.

• Net profit reached €4.38m, up 10.43%; investment supported product development and expansion in Spain and Poland.

Financial highlights

• Value of production included €1.73m of capitalized internal work; EBIT was €6.47m versus €6.08m in 2023, and profit before tax was €6.23m versus €5.68m.

• Net profit was €4.38m versus €3.96m in 2023; net profit margin on total revenue was 19.17%.

• Recurring revenue represented 49% of sales.

Segment performance

• Cyber Security & Device Security revenue rose to €17.97m from €15.48m; Managed Services revenue increased to €4.70m from €4.37m.

• The two core business areas represented 99% of total revenue; Digital Transformation revenue was €0.165m, unchanged from 2023.

• Cypeer Keera added advanced manual remediation capabilities, extending threat mitigation from identification through resolution.